Xander International Corp. (GTSM:6118) backed Virtuous Retail Services Pvt. Ltd. is in advanced talks with Tata Realty and Infrastructure Limited, Investment Arm (TRIL) to buy two mall projects in a deal valued at around INR 7 billion. TRIL will be exiting the two mall properties, in Amritsar and Nagpur. TRIL owns 90% stake in these assets. “The deal is expected to be concluded this month. While the Amritsar mall is operational, Nagpur is expected to open in the next two months,” one of the two people aware of the deal told ET. “Virtuous Retail is in the final stages of (concluding) the deal. It is aggressively looking at building its retail portfolio through both the organic and inorganic routes in India. The TRIL deal fits well into its strategy of growing its presence in the retail development through the right acquisitions,” said another person having direct knowledge of the deal. Rohit George, Managing Director, Virtuous Retail South Asia, and Sanjay Dutt, Managing Director and Chief Executive Officer, TRIL, could not be reached for their comments.